BNY Mellon Municipal Income, Inc. (NYSE:DMF) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,812 shares of the company’s stock after acquiring an additional 3,102 shares during the period. Van ECK Associates Corp owned 0.60% of BNY Mellon Municipal Income worth $879,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DMF. XTX Topco Ltd raised its position in BNY Mellon Municipal Income by 21.5% in the third quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock valued at $90,000 after purchasing an additional 2,183 shares during the period. Rivernorth Capital Management LLC raised its position in BNY Mellon Municipal Income by 73.8% in the third quarter. Rivernorth Capital Management LLC now owns 2,137,637 shares of the company’s stock valued at $15,626,000 after purchasing an additional 907,457 shares during the period. Dakota Wealth Management raised its position in BNY Mellon Municipal Income by 18.4% in the third quarter. Dakota Wealth Management now owns 90,026 shares of the company’s stock valued at $658,000 after purchasing an additional 14,000 shares during the period. Finally, Sanctuary Advisors LLC raised its position in BNY Mellon Municipal Income by 30.6% in the third quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company’s stock valued at $314,000 after purchasing an additional 10,089 shares during the period.

BNY Mellon Municipal Income Price Performance

Shares of NYSE DMF opened at $7.14 on Friday. BNY Mellon Municipal Income, Inc. has a 52-week low of $6.53 and a 52-week high of $7.52. The business’s 50 day moving average is $7.12 and its two-hundred day moving average is $7.24.

BNY Mellon Municipal Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th.

About BNY Mellon Municipal Income

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.